Category: Economics Current Affairs

White Label ATM: The Reserve Bank of India has extended the validity of authorization issued to Vakrangee to set up, own and operate White Label ATMs in India. White Label ATM: Automated Teller Machines (ATMs) set up, owned and operated by non-banks are called White Label ATMs. Non-bank ATM operators are authorised under the Payment […]

Yuva Sangam Registration Portal: The Yuva Sangam registration portal was recently launched at Indira Gandhi National Centre for the Arts, New Delhi. Yuva Sangam portal is an initiative of the Prime Minister of India. The main aim of this portal is to build close ties between the youth of the North East Region and the […]

Large Exposure Framework (LEF) Guidelines : RBI Reserve Bank of India has dismissed concerns about the “exposure” of Indian banks to the Gautam Adani-led conglomerate. RBI’s observations has a Central Repository of Information on Large Credits (CRILC) database system where the banks report their exposure of ₹5 crores and above which is used for monitoring […]

Follow On Public Offer: Adani Enterprises recently decided to call off its ₹20,000 crore follow-on public offer and return the money it had collected from investors. FPO is a process wherein a company already listed on a stock exchange issues new shares to existing investors or shareholders. It is also known as a secondary offering. […]

Dearness Allowance : Likely To Increase The Central government is likely to increase the dearness allowance (DA) for its over one crore employees and pensioners by four percentage points to 42% from the existing 38%. DA is a cost of living adjustment that the Government pays to public sector employees and pensioners. DA calculated is […]

What Is Angel Tax? The Section 56 (2) (vii b) in the Income Tax Act is referred to as Angel tax. These taxes are imposed on startups. During Union Budget 2023, Finance Minister Smt Nirmala Sita Raman proposed to amend the Angel tax. Now, the equity amount received by the startups will be subjected to […]

Bal Mitra : Delhi Commission For Protection Of Child Rights Delhi Commission for Protection of Child Rights (DCPCR) launched ‘Bal Mitra’, a WhatsApp Chatbot to provide communication support to children and parents in Delhi. It will include: Complaint registration Searching for information and tracking complaint status Seeking information on admissions Providing authentic information on various […]

Government e-Marketplace:   Government e-Marketplace achieves a Gross Merchandise Value (GMV) of Rs. 1.5 Lakh Crores. GeM has been effectively contributing to the government’s commitment of “Minimum Government, Maximum Governance”. Gross Merchandise Value (GMV): GMV refers to the value of goods sold via customer-to-customer or e-commerce platforms. It is calculated prior to the deduction of […]

Subsidiary Of EXIM Bank:   Union Finance Minister recently announced the setting up of a subsidiary of EXIM Bank and data embassies at GIFT City in Gujarat. EXIM Bank is the premier export finance institution of the country. It was established by the Government of India, under the Export-Import Bank of India Act, 1981 EXIM […]